Global Money Week: Early exposure of financial education mgtment to children, youth vital – Consulting Firm
By Mashe Umaru Gwamna
Efiko Management Consulting said that exposing children and youth early to financial education management is vital for their future and societal development.
The management stated that it has become very essential to educate them on financial literacy .
“Early financial education can help instil values such as accountability, discipline, and delayed gratification”.
The Firm made this known during the global money week in Nigeria .
Speaking on the significance of the week,the firm’s Managing Consultant and Chief Executive, Omagbitse Barrow, described financial literacy as one of the most overlooked yet impactful areas of education.
Barrow explained that financial education is often introduced too late, at a stage when individuals are already earning or investing and many money-related behaviours have already been formed.
He said that effective financial literacy should go beyond teaching savings and investment principles to include ethics, value creation, and responsible wealth building.
“Financial literacy must become a consistent part of how we prepare young people for the future, not just a once-a-year conversation”.
He argued that corruption, often viewed as an institutional problem, is also rooted in behavioural patterns developed over time.
“ Educating them on financial literacy will
reduce the tendency to seek unethical shortcuts”.
Similarly, He
Said that Efiko Management Consulting has been actively involved in advancing financial literacy initiatives across the country.
“The firm has worked with the Securities and Exchange Commission (SEC) Nigeria through its National Financial Literacy Technical Committee, contributing to the development of educational materials, including animated content and digital resources used in nationwide campaigns”.
“ These efforts have been carried out in collaboration with institutions such as Stanbic IBTC, Nigerian Exchange Group, and Emerging Africa “,he added.
Also, The firm has partnered with several financial institutions, including FCMB, Access Bank, Zenith Bank, and Stanbic IBTC.
“This partnership introduce practical learning tools such as board games and storybooks in schools and youth-focused programmes.
“These resources aim to simplify financial concepts and make learning more engaging for young audiences”, he said
He disclosed that one of the Efiko’s flagship initiatives “Coins of Character” programme, was implemented in schools across Abuja between 2023 and 2025. “The initiative focused on teaching ethical money management and reached over 900 students and teachers directly across more than 30 schools, with additional impact achieved through extended activities within participating institutions”.
He noted that the firm has also collaborated with the Central Bank of Nigeria’s Consumer Protection Department to support Global Money Week activities and has conducted free webinars for parents and teachers to strengthen financial education both at home and in classrooms.
Meanwhile, the Managing Consultant and Chief Executive said that the organisation plans to scale its initiatives through digital platforms, expanded partnerships, and curriculum-based models that can be integrated into the formal education system.
He emphasised that Global Money Week serves as an important awareness platform.
Peoples Daily said Global Money Week is a valuable moment for reflection and sustained action .